Nakamoto taps Bitwise and Kraken for Bitcoin options strategy to hedge risk

Nakamoto launched a Bitcoin derivatives program with Bitwise and Kraken, aiming to generate options premiums and hedge part of its BTC treasury exposure.

Nasdaq-listed Bitcoin treasury company Nakamoto announced on Friday an actively managed Bitcoin derivatives program designed to generate recurring income from volatility while hedging part of its downside exposure.

Nakamoto said the program has been in place since the first quarter of 2026 and uses a portion of the company’s Bitcoin holdings as collateral for a derivatives strategy managed by Bitwise Asset Management in a separately managed account.

Under the arrangement, a portion of the company’s Bitcoin is held in Kraken’s qualified custody solution and used as collateral for a derivatives strategy managed by Bitwise Asset Management in a separately managed account.

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